Market news: Ripple acquires stablecoin platform Rail for $200 million
Aug 07, 2025 20:27:12
ChainCatcher news, according to Reuters, Ripple will acquire the stablecoin platform Rail for $200 million, with the acquisition expected to be completed in the fourth quarter of this year, pending regulatory approval. Previously, Ripple has issued its own stablecoin RLUSD and has made significant investments in stablecoin infrastructure in recent months.
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